Workiva (NYSE:WK) Issues Q4 2024 Earnings Guidance

Workiva (NYSE:WK) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.310-0.340 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $194.0 million-$196.0 million, compared to the consensus revenue estimate of $192.4 million. Workiva also updated its FY 2024 guidance to 0.930-0.960 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WK. Northland Securities decreased their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Workiva Price Performance

Shares of NYSE WK traded up $5.16 during mid-day trading on Wednesday, hitting $87.63. The company had a trading volume of 1,047,367 shares, compared to its average volume of 370,661. The business’s 50-day simple moving average is $77.92 and its 200-day simple moving average is $76.97. Workiva has a 12 month low of $65.47 and a 12 month high of $105.00. The firm has a market cap of $4.84 billion, a P/E ratio of -49.98 and a beta of 1.05.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.86% of the stock is owned by corporate insiders.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.